DGAP-News: Press release on the Annual General Meeting 2011
(firmenpresse) - DGAP-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key
word(s): AGM/EGM
Press release on the Annual General Meeting 2011
13.05.2011 / 15:19
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Press release on the Annual General Meeting 2011
Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
Munich, May 13, 2011 - LUDWIG BECK AG (ISIN DE 0005199905) held its
Ordinary Annual General Meeting on May 12, 2011 attended by nearly 600
shareholders and shareholders' representatives who represented
approximately 80 % of the share capital and thus 2,965,442 votes. All
agenda items met with nearly 100 % approval.
The Executive Board once again looked back to the record year 2010 in which
the LUDWIG BECK Group was able to generate results from ordinary business
activities (EBT) of EUR 9.9m thus clearly outperforming the results of the
previous year (EUR 6.4m). The Annual General Meeting approved the proposal
on the appropriation of the balance sheet profit of LUDWIG BECK AG in the
amount of approximately EUR 3.0m submitted by the Executive Board and the
Supervisory Board. Accordingly, shareholders will receive a EUR 0.35
dividend per share. All in all, the distribution of approximately EUR 1.3m
for 3,695,000 dividend-bearing shares was resolved nearly 100 %.
The Executive Board and the Supervisory Board were discharged and the other
agenda items were approved by a very large majority as well. BTU Treuhand
GmbH, Wirtschaftsprüfungsgesellschaft, Munich, was appointed as auditor for
the fiscal year 2011.
'According to our key financial ratios the fiscal year 2010 was the most
successful year in the company's history', Dieter Münch, CFO at LUDWIG BECK
AG stated. 'It is our goal to treat shareholders and ourselves to a further
sales and earnings increase on the occasion of our company's 150th
anniversary', Münch concluded.
Election to the Supervisory Board
Member of the Supervisory Board Dr. Lutz Helmig resigned from his office
with effect as of the conclusion of the Annual General Meeting 2011.
Regarding the new election of a shareholders' representative, the Annual
General Meeting approved the proposal of the Supervisory Board and elected
Ms. Edda Kraft to the Supervisory Board of LUDWIG BECK as shareholders'
representative.
Positive forecast confirmed
The management of LUDWIG BECK AG has confirmed its expectations for the
current fiscal year 2011 and anticipates earnings before taxes (EBT) to
reach between EUR 9.0m and EUR 11.0m and is very pleased by the current
sales and earnings development as of today.
The voting on the individual agenda items produced the following results:
Agenda item 2 'Appropriation of balance sheet profit':
Affirmative votes: 2,964,291, negative votes: 1,950, abstention votes: 50.
The management's proposal for the appropriation of the balance sheet profit
was thus accepted with 99.93 %.
Agenda item 3 'Discharge of the members of the Executive Board':
Affirmative votes: 2,959,098, negative votes: 203, abstention votes: 200.
The management's proposal for the discharge of the Executive Board was thus
accepted with 99.99 %.
Agenda item 4 'Discharge of the members of the Supervisory Board':
Affirmative votes: 2,964,848, negative votes: 1,253, abstention votes: 200.
The management's proposal for the discharge of the Supervisory Board was
thus accepted with 99.96 %.
Agenda item 5 'Election of the auditor for the fiscal year 2011':
Affirmative votes: 2,970,077, negative votes: 400, abstention votes: 200.
The Supervisory Board's proposal to appoint BTU Treuhand GmbH,
Wirtschaftsprüfungsgesellschaft, Munich, to audit the accounts for the
fiscal year 2011 was thus accepted with 99.99 %.
Agenda item 6 'Election to the Supervisory Board':
Election of Ms. Edda Kraft
Affirmative votes: 2,969,002, negative votes: 500, abstention votes: 1,175.
The Supervisory Board's proposal for the election of Ms. Edda Kraft to the
Supervisory Board as shareholders' representative was thus accepted with
99.98 %.
Further information on the detailed voting results is available at LUDWIG
BECK AG's website www.ludwigbeck.de.
Investor Relations contact:
esVedra consulting GmbH
Metis Tarta
+49 89 28808-133
mt(at)esvedragroup.com
Group accounting contact:
LUDWIG BECK am Rathauseck
Jens Schott
+49 89 23691-798
jens.schott(at)ludwigbeck.de
End of Corporate News
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13.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG
Marienplatz 11
80331 München
Deutschland
Phone: +49 (0)89 2 36 91-0
Fax: +49 (0)89 2 36 91-600
E-mail: info(at)ludwigbeck.de
Internet: www.ludwigbeck.de
ISIN: DE0005199905
WKN: 519990
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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124657 13.05.2011
Datum: 13.05.2011 - 15:19 Uhr
Sprache: Deutsch
News-ID 34101
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